AP Macroeconomics: Unit – 6 – Open Economy- International Trade and Finance Practice Test
AP Macroeconomics: Unit – 6 – Open Economy- International Trade and Finance Practice Test
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Question 1 of 18
1. Question
Which of the following is likely to occur following the depreciation of the United States dollar?
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Question 2 of 18
2. Question
If Country Alpha has been experiencing a higher inflation rate than Country Beta over the past decade, which of the following is true?
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Question 3 of 18
3. Question
Assume that there is an increase in United States consumers’ preference for European cars. Which of the following changes will most likely take place in the market for dollars?
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Question 4 of 18
4. Question
Which of the following best describes the balance of payments accounts?
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Question 5 of 18
5. Question
Which of the following describes something that would definitely be recorded as an increase in the current account?
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Question 6 of 18
6. Question
The currency of Ghana is the cedi and the currency of Aruba is the florin. Which of the following best defines the exchange rate for the Aruban florin?
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Question 7 of 18
7. Question
Which of the following best describes an appreciated currency?
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Question 8 of 18
8. Question
Which of the following best explains why many United States economists support free international trade?
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Question 9 of 18
9. Question
If a country has a current account deficit, which of the following must be true?
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Question 10 of 18
10. Question
Which of the following would cause the United States dollar to increase in value compared to the Japanese yen?
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Question 11 of 18
11. Question
As nations specialize in production and trade in international markets, they can expect which of the following domestic improvements?
I.Allocation of domestic resources
II.Standard of living
III.Self-sufficiencyCorrectIncorrect -
Question 12 of 18
12. Question
The currency of Hamiltonia is the shot, and the currency of the United States is the dollar. If citizens of Hamiltonia want to take advantage of relatively higher interest rates in the United States, which of the following will happen?
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Question 13 of 18
13. Question
Which of the following would increase the demand in the foreign exchange market for the U.S. dollar?
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Question 14 of 18
14. Question
What effect does this have in Marthaland on real interest rates and the value of Marthaland’s currency in the short run and economic growth in the long run?
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Question 15 of 18
15. Question
Assuming there is no change in the nominal exchange rate, what will be the effect of contractionary monetary policy in Canada on the Canadian price level and the real exchange rate (RER) of the Canadian dollar?
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Question 16 of 18
16. Question
What happens to the currency of Maxistan and aggregate demand in Maxistan if the demand for its financial assets decreases?
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Question 17 of 18
17. Question
Maxistan and Ile are trading partners. Maxistan is currently experiencing a recession and, as a result, investors in Ile have less demand for Maxistan’s financial assets. What will happen to the value of Ile’s currency and the value of Ile’s exports as a result of the decreased demand for foreign financial assets?
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Question 18 of 18
18. Question
As a result of deficit spending, the government of Japan borrowed money in the market for loanable funds. What happens to the exchange rate for the yen and Japanese exports as the result of the change in the market for loanable funds?
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